lots of buy orders for a bounce back to 10500Based on the volume of BTC i do not see BTC going below 9500 based on the buy orders. I wish i can make my trend lines go lower, but i can only make my trend line go down to 9500, i only see it go down that low then its going back to 10500 don't let the whales fool you i would say entry point is 9700
Volumepriceanalysis
IBREALEST Short term Positional Call India Bulls Real estate Trading technical call for medium term
CMP: 235, Closing Based SL 209, Targets 248 255 265
For educational purpose only
One to definitely watchThis is another coin I'm heavily interested in and got the opportunity to buy a lot of when it was still 11sats... look at the potential since. My last bit of confluence that triggered me to buy was based on similar activity (Volume spike) being showed a year prior around Jun/Jul.
I'm not saying to wait till next year to buy nor not to expect another spike in price till then, we could either expect one in roughly half that time and/or an even bigger spike by Jun/Jul next year.
Either way, just look at the volume... it has never spiked this high and a well known technical signal for price hikes is volume, so keep your eyes open on this one.
It could possibly floor to 14/15sats if the devs don't release any news soon and kills the hype, conversely: It grew from a high of 116 to 475sats in a year. It can go as high as 625 sats and then correct around 80-100sats for a while.
LTC Analysis and Volume LessonLTC/USD PAIR BITFINEX:LTCUSD wicked off of the first fib level, completely normal in my opinion. The Chalkin Money Flow (SURPRISE SURPRISE volume indicator :D) showed a decrease in buying pressure as the price moved up, creating a 100% predictable cool down and pull back. I don't expect LTC to come down too far before stabilizing. If the volume picks back up, then it will continue for a smaller push back to ATH levels if we see short-term mainstream interest continue.
Our strength and momentum indicators are getting the much needed break they wanted for a stable price. I do expect a bit more of a drop before we continue bullish but nothing crazy showing as of now.
LESSON: Momentum and strength indicators can be at the ceiling (topped out) and a price can continue to rise if the volume levels show no divergences, look at BTC or in the case LTC's rise on price but topped out Stoch and RSI. Volume showed the price continuance at $230 but began to reveal the divergence in buy pressure shortly after and making it clear around $300-330 (RSI and STOCH showed weakness too even thought the price continued up from the FOMO. Predictable 100%.
Next time someone says "Oh the RSI is capped or the STOCH or such and such is capped we are going down", take a look at the volume indicators like a wise day trader does. ;)
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned:
I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5.
And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction.
This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal.
It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic.
Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully.
Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend.
If you have any questions, feel free to ask in comments or PM me.
CAD/CHF *18 NOv 2017* Short SetupCADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone .
However, friday's close did not break my support zone.
Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East?
Since xxx/CHF pairs are bearish at the moment, last week's price action and I am expecting CADCHF -0.75% to slide further.
I will be patient and shorting at the highs.
Disclaimer: This is just my personal opinions and execute your trades at your own Diligence.
Herancia Resources 25-Oct-2017 Breakout (Daily)Herancia Resources made a jump and broke out of the day range today with increased volume due to the announcements and half year results posted by Herancia Resources on the 24-Oct-2017.
" Commenting on the financing Herencia Chairman, Mr Peter Reeve said, “ Herencia is very pleased for the ongoing support of its key shareholders and their commitment to the Herencia story through all the companies recent restructuring. This commitment is testament to the strength of the core resources story within Herencia which centres around the very strong potential of its lightly explored copper tenements”. "
Sources:
www.herenciaresources.com
www.herenciaresources.com
Volume spike:
" On 27-Apr-2017 secured funding by way of a placement of US$1,230,517 from the issue of 2,121,137,042 new ordinary shares at 0.045 pence. "
Source: www.herenciaresources.com
My main concern is that Herancia has been in a major downward pressure since 2011 !
The words ‘ potential’ and ‘recent restructuring’ in the announcement is also a slight concern, as I will also assume that it will take some time for this restructuring to complete and there are always uncertainties with ‘potentials’. But that’s the risk that one takes.
There have been various volume spikes since Apr-2016 at these bottom prices however with downward pinbar price actions indicating the downward pressure.
So, could these shares be a bargain?
Perhaps ... but from a trendfollower perspective a big fat NO however she might turning around from the dip.
… Let’s keep an eye on HER shall we? Sorry for the pun but it just had to be done! :)
Box 1: 0.09 - 0.16
Box 2: 0.05 – 0.09
Box 3: 0.01 – 0.05
ATR: 0.035